Elecon Engineering Company has received an approval to raise funds of up to Rs 150 crore. The Board of Directors of the company at its meeting held on December 10, 2018 has approved to delegate the powers to the Management Committee of the company for finalizing, negotiating, deciding terms and conditions and executing necessary documents with various authorities and to do all other things, acts required for issue and allotment of Listed Secured Redeemable Non-Convertible Debentures up to Rs 150.00 crore in one or more tranches on private placement basis.
Elecon Engineering Company is engaged in delivering power transmission solutions and material handling equipment.
